Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 9H - Research and Development Small Business Tax Credit Act, 7-9H-1 through 7-9H-6. > Section 7-9H-5 - Limitation on other credits.

Section 7-9H-5 - Limitation on other credits.

7-9H-5. Limitation on other credits.

Claiming the research and development small business tax credit with respect to a reporting period renders the taxpayer ineligible to claim a credit with respect to that same reporting period pursuant to the Capital Equipment Tax Credit Act [7-9D-1 NMSA 1978], the Investment Credit Act [7-9A-1 NMSA 1978] or the Technology Jobs Tax Credit Act [7-9F-1 NMSA 1978].